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Lessons from the Texas Homeowners Insurance Crisis Bob Puelz ...

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Table 4<br />

Source: TDI Source: Statutory Page 14: Source: Statutory Page 14<br />

Year Losses Paid<br />

Direct Losses Paid Direct Losses Incurred<br />

1996 1,353,705,211 $1,391,013,902 $1,382,897,123<br />

1997 1,099,907,113 $1,138,054,841 $1,118,004,785<br />

1998 1,161,552,262 $1,191,922,988 $1,194,948,538<br />

1999 1,349,008,422 $1,380,488,021 $1,421,627,819<br />

2000 2,210,066,294 $2,293,972,741 $2,431,007,220<br />

2001 2,879,769,083 $2,992,111,146 $3,648,017,214<br />

Source: <strong>Texas</strong> Department of <strong>Insurance</strong><br />

27<br />

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